Global TV & Monitor Mounts Market By Product Type, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast (2024 - 2031)
The "TV & Monitor Mounts Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
TV & Monitor Mounts Market Overview and Report Coverage
TV & Monitor mounts are devices used to securely position televisions and monitors on walls or ceilings to optimize viewing angles and save space. With the increasing popularity of flat-screen TVs and monitors, the demand for mounts has been steadily rising.
The TV & Monitor Mounts Market is expected to grow at a CAGR of 11.4% during the forecasted period(2024 - 2031). The market is driven by factors such as the growing trend of home entertainment systems, the increasing adoption of smart TVs, and the rise in demand for ergonomic workstations in offices.
The current outlook of the TV & Monitor Mounts Market is positive, with key players investing in research and development to offer innovative mounting solutions that cater to different consumer needs. The market forecast predicts a continued growth trajectory, fueled by technological advancements, product diversification, and the expansion of distribution channels.
Some of the latest market trends include the introduction of motorized mounts, adjustable arms for multi-screen setups, and wireless charging capabilities. These innovations are expected to further drive market growth and enhance the overall user experience.
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Market Segmentation
The TV & Monitor Mounts Market Analysis by Types is segmented into:
Ceiling MountDesktop MountWall MountOthers
The TV & Monitor Mounts market offers various types of mounting options to suit different needs. Ceiling mounts are installed overhead, providing a comfortable viewing angle. Desktop mounts sit on a desk or table, offering flexibility and convenience. Wall mounts save space by attaching TVs or monitors to walls. Other types of mounts include pole mounts, articulating arms, and cart mounts, each catering to specific requirements. Customers can choose the mount type that best fits their space and viewing preferences.
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The TV & Monitor Mounts Market Industry Research by Application is segmented into:
HouseholdCommercialPublic
TV & Monitor Mounts are used in different market applications such as household, commercial, and public. In households, they are commonly used to save space, create a stylish look, and enhance viewing experience. In commercial settings, these mounts are used for advertising, presentations, and digital signage. In public markets like schools, hospitals, and restaurants, they are utilized for displaying important information, entertainment, and communication purposes. Overall, TV & Monitor Mounts serve a variety of functions in different market applications.
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In terms of Region, the TV & Monitor Mounts Market available by Region are:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The TV & Monitor Mounts market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is experiencing steady growth due to the increasing demand for ergonomic solutions in offices and homes. Key players such as Milestone, Ergotron, Mounting Dream, Premier Mounts, Peerless, AVF, LG, Bell’O Digital, Kanto, Mount World, Swift mount, Fleximounts, Promounts, and InstallerParts are striving for market dominance.
Market opportunities in North America and Europe are driven by technological advancements and a growing trend towards smart homes and offices. In Asia-Pacific, the increasing adoption of digital displays and televisions in countries like China, Japan, and India is fuelling market growth. Latin America and the Middle East & Africa regions are witnessing growth due to urbanization and increasing disposable income.
Overall, the TV & Monitor Mounts market is projected to witness significant growth in all regions, driven by factors such as technological advancements, changing consumer preferences, and increasing adoption of smart devices.
TV & Monitor Mounts Market Emerging Trends
The global TV & monitor mounts market is witnessing emerging trends such as the increasing demand for adjustable and flexible mounts to accommodate different viewing angles and ergonomic preferences. Furthermore, the growing popularity of ultra-thin and lightweight mounts for modern slim TVs and monitors is driving market growth. Current trends include the rising adoption of motorized mounts for automated positioning and the integration of smart features such as remote-controlled adjustments and compatibility with smart home systems. Additionally, the market is experiencing a shift towards eco-friendly and sustainable materials in response to growing environmental concerns.
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Major Market Players
MilestoneErgotronMounting DreamPremier MountsPeerlessAVFLGBell’O DigitalKantoMount WorldSwift mountFleximountsPromountsInstallerParts
The TV & Monitor Mounts Market is highly competitive with key players vying for market share. Some of the prominent players in the market include Milestone, Ergotron, Mounting Dream, Premier Mounts, Peerless, AVF, LG, Bell’O Digital, Kanto, Mount World, Swift mount, Fleximounts, Promounts, and InstallerParts.
Ergotron is a leading player in the market known for its ergonomic mounting solutions for monitors and TVs. The company has seen steady growth in recent years due to the increasing demand for adjustable and flexible mounting solutions. With a focus on innovation and product development, Ergotron has been able to maintain its position as a market leader.
Another key player in the market is Mounting Dream, known for its affordable and high-quality TV mounts. The company has gained popularity among consumers for its easy installation process and durable products. Mounting Dream has also expanded its product range to include different mounting solutions for various display sizes, catering to a wider customer base.
Premier Mounts is another significant player in the market, offering a diverse range of mounting solutions for both commercial and residential applications. The company has a strong presence in the market due to its focus on customer satisfaction and product quality.
The TV & Monitor Mounts Market is expected to witness steady growth in the coming years, driven by the increasing adoption of flat-screen TVs and monitors. The market size is estimated to reach USD 4.68 billion by 2025, with a CAGR of 7.5% during the forecast period.
As for the sales revenue of some of the listed companies, Ergotron reported sales revenue of USD 367.6 million in 2020, while Premier Mounts reported sales revenue of USD 102.3 million in the same year. Mounting Dream's sales revenue stood at USD 82.5 million in 2020. These figures highlight the strong market presence and growth trajectory of these key players in the TV & Monitor Mounts Market.
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